IMF says Iran should safeguard stability in face of US sanctions

Iran is suffering heightened tensions with the re-imposing of US sanctions. (Shutterstock)

The International Monetary Fund said on Thursday that Iran should implement policies to safeguard its macro-economic stability in the face of re-imposed US sanctions that will cut Iranian economic growth by reducing oil exports.

IMF spokesman Gerry Rice also told a regular media briefing that the Fund was urging Iran to strengthen its anti-money laundering and anti-terrorism financing frameworks to comply with international standards by a deadline in February 2019.

“The re-imposition of US sanctions will reduce economic growth by restricting Iran’s oil exports and Iran should implement policies to safeguard macro-stability,” Rice said, particularly “the most vulnerable groups.”

Last Update: Wednesday, 20 May 2020 KSA 09:52 - GMT 06:52